Why Bitcoin (BTC) Could Hit a New High by End of 2024 #Ethe | Cryptos Headlines on Binance Square

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Why Bitcoin (BTC) Could Hit a New High by End of 2024
#EthereumETF  #Binance #Bitcoin  #CrowdStrike  $BTC  #Binance  $USDT $SOL 

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Investors Eye Bitcoin’s Bull Run Fueled by Trump’s Victory

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Investors Eye Bitcoin’s Bull Run Fueled by Trump’s Victory Bitcoin surges as Trump leads, boosting investor confidence and market sentiment. Analysts project Bitcoin could reach $250K-$400K by 2025, citing bullish trends. Economic uncertainty may push investors toward Bitcoin token as a safe-haven asset. The crypto community closely watches as the United States finalizes its presidential election results. Nevertheless, Trump’s confident proclamation of becoming the 47th president has ignited significant enthusiasm among his supporters and crypto investors alike. Crypto Market Reacts to Trump’s Lead Preliminary election results had already spurred optimism in the crypto market. Trump’s perceived crypto-friendly stance has long been a point of interest for the digital asset space. The former president’s potential return to the White House could pave the way for favorable policies, boosting investor confidence. In response, Bitcoin has seen an upward momentum, with some market analysts predicting a prolonged bullish phase. Analysts Set Bold Targets for Bitcoin Amid this rally, analysts have issued ambitious projections for Bitcoin’s future. Gert van Lagen, a prominent technical analyst, suggests that Bitcoin could climb to $250,000 by February 2025. His analysis highlights the “cup and handle” pattern, a formation that often signals strong upward movement. This pattern has historically preceded significant price surges, adding weight to his forecast. Van Lagen further links this expected rise to macroeconomic trends. He notes that an impending recession, as indicated by historical yield spread data, could drive investors toward Bitcoin as a safe haven. Similarly, Trader Tandigrade, another market observer, supports this bullish narrative. He anticipates Bitcoin could reach $400,000 by December 2025, drawing parallels to its 2020-2021 rally. #BTC #Bitcoin #Trump #SOLFutureRise #DogeArmyComeBack $BTC $ETH $SOL

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SUI Price Rallies to $2.03 with Breakout Potential: What’s Next ?

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SUI Price Rallies to $2.03 with Breakout Potential: What’s Next SUI price is trading at $2.03 today with a 9.99% price surge in the last 24 hours. The Sui Network is outperforming many other Layer 1 blockchains. The rally comes as SUI shows high inflows and bullish trends as analysts are expecting a breakout due to a technical triangle pattern forming on the charts. SUI Price Rises Near Resistance Levels Currently, SUI is trading well above its 20-day SMA at $1.96, which reveals strong buying pressure at the moment. SUI may encounter selling pressure at the $2.19, the upper Bollinger Band level if support for the price increase fails to build up. Regardless of the approach to resistance, the current trend is expected to remain positive. The Relative Strength Index (RSI) for SUI is at 55.04, which implies that there is a positive outlook and still has potential for further upside before reaching overbought territory. If the RSI rises above 70 it could signal a short-term peak or correction. However, slight pullbacks from these levels would confirm strong bullish trend continuation. Technical Indicators Show Breakout Potential Based on oct_trades’ analyst chart, SUI chart forms a triangle on the daily chart and usually it forms when there is a consolidation before a breakout can occur. The pattern has a higher low and lower high that reflect the tighter range and the building of pressure for a directional movement. Furthermore, Oct_trades claimed that such a structure looks like SUI’s previous rallies suggesting an upside continuation if resistance breaks through. “With the current triangle formation, there is going to be a breakout,”oct_trades wrote. Community Sees Strong Network Growth and Price Potential SUI’s price movements and activity have garnered some attention from the crypto community, here mainly pointing out the symmetrical triangle and the key support levels. #SUI #Bitcoin #SOLFutureRise #DogeArmyComeBack #Trump47thPresident $SUI $BTC $SOL

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